Agnico Eagle Mines reported strong Q2 2024 results, with record free cash flow of $557.2 million driven by higher gold prices and solid operational performance. Gold production was 895,838 ounces at total cash costs of $870 per ounce.The company maintained its full-year 2024 guidance of 3.35-3.55 million ounces of gold at total cash costs of $875-$925 per ounce. Adjusted net income was a record $535.3 million or $1.07 per share. Cash from operations reached $961.3 million.Agnico approved $100 million and $200 million investments over 3 years to further evaluate the Detour Lake underground and Upper Beaver projects respectively. An additional $50 million exploration budget was approved based on positive drill results. The company continues to focus on shareholder returns, declaring a $0.40 per share dividend and repurchasing $50 million in shares during Q2.

Agnico Eagle Mines reported strong Q2 2024 results, with record free cash flow of $557.2 million driven by higher gold prices and solid operational performance. Gold production was 895,838 ounces at total cash costs of $870 per ounce.The company maintained its full-year 2024 guidance of 3.35-3.55 million ounces of gold at total cash costs of $875-$925 per ounce. Adjusted net income was a record $535.3 million or $1.07 per share. Cash from operations reached $961.3 million.Agnico approved $100 million and $200 million investments over 3 years to further evaluate the Detour Lake underground and Upper Beaver projects respectively. An additional $50 million exploration budget was approved based on positive drill results. The company continues to focus on shareholder returns, declaring a $0.40 per share dividend and repurchasing $50 million in shares during Q2.